Trade Policy in the Age of Populism: Why the New Bilateralism Will Not Work

CHAPTER 4 ABSTRACT:

The paper explores the different background of US and UK trade policy shifts, leading to a new bilateralism. It argues that the trade policy chosen for post-Brexit in the UK will confront the UK industry with a multitude of standards rendering production more expensive and less competitive. The paper concludes that Britain would best remain within a customs union with the EU and should support efforts to revitalise TTIP negotiations in a transatlantic context between the EU, US, NAFTA and EFTA States.